EUR/USD Technical Analysis: caught in a wedge, looking for a break away from 1.1350

  • EUR/USD continues to favour the middle in rough sideways action, whipsawing on rough intraday action as the major pair finds itself strung up on the 200-period MA.

EUR/USD, 5-Minute

  • The past two weeks show the Fiber forming into a rough sideways channel, and deviations are continuing to favour a return to the mean as the Euro struggles to pull away from the 1.1350 region.

EUR/USD, 30-Minute

  • 4-hour candles remain in a coiling sideways wedge as markets remain constrained amidst broader investor concerns, and trend-weary EUR/USD traders will be looking for a well-defined break of the current wedge before piling into dedicated positions.

EUR/USD, 4-Hour

EUR/USD

Overview:
    Today Last Price: 1.1333
    Today Daily change: -12 pips
    Today Daily change %: -0.106%
    Today Daily Open: 1.1345
Trends:
    Previous Daily SMA20: 1.1348
    Previous Daily SMA50: 1.1427
    Previous Daily SMA100: 1.152
    Previous Daily SMA200: 1.1751
Levels:
    Previous Daily High: 1.1362
    Previous Daily Low: 1.1311
    Previous Weekly High: 1.1402
    Previous Weekly Low: 1.1267
    Previous Monthly High: 1.15
    Previous Monthly Low: 1.1216
    Previous Daily Fibonacci 38.2%: 1.1342
    Previous Daily Fibonacci 61.8%: 1.133
    Previous Daily Pivot Point S1: 1.1317
    Previous Daily Pivot Point S2: 1.1288
    Previous Daily Pivot Point S3: 1.1266
    Previous Daily Pivot Point R1: 1.1367
    Previous Daily Pivot Point R2: 1.139
    Previous Daily Pivot Point R3: 1.1418

 

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